Scout was founded in 2009, initially working on an advisory basis to private middle market upstream operators and funds, evaluating over $1 billion in assets in the first 24 months and completing over $60 million in transactions.
In 2011 Scout initiated its first blind-pool discretionary direct investment fund for institutional investors. Fundraising was completed in 2012.
By 2014 Scout established operations in Texas, Kansas, and Oklahoma through 20 acquisitions and had grown to 45 headquarters and field staff.
2014 completed fundraising for Scout II.
In 2016 Scout completed Scout II investments, adding to operations in Texas and establishing operations in Montana.
2016 completed fundraising for Scout III.
In 2017 Scout completed investing Scout III, adding to operations in Texas and Kansas, and establishing North Dakota operations.
2018 completed fundraising for Scout IV.
In 2019 Scout completed investing Fund IV, closed the largest acquisition in firm history in Southwest Kansas, expanded its footprint into Utah, and completed its first co-investment.
2020 completed fundraising for Scout V.
To date, the firm has grown to over $2 billion in acquisitions and produces over 110,000 boepd across 4+ million acres from 660+ mmboe of reserves. Today the Scout team has over 830 headquarters and field staff